Randgold Resources is committed to the integration of
environmental and social impact management into its
business activities. The optimum utilisation of mineral
and other resources encompasses the protection and
conservation of the existing environment. Within this
framework, the company strives to assist the communities
most affected by its operations to develop in a sustainable
way and to give all its employees a high quality of work
life, including a safe workplace.
Its integrated social and environmental management
process identifies potentially significant negative and
positive impacts. The implementation of environmental
and social responsibility strategies aims to minimise
negative impacts and maximise the positive impacts of
its activities, commensurate with its business strategy
and within National and World Bank standards. The
strategies it uses to achieve this include the following:
Encourage and reward the use of integrated
environmental management to ensure that
management decision making process includes a
sensitive and holistic consideration of environmental
issues. To facilitate this, all projects must include
a comprehensive environmental and social impact
assessment. Where appropriate, specialist
consultants are employed.
Maintain positive relationships with neighbouring
communities, local and national government
authorities, NGOs and aid agencies and the public;
Respect and consult with the communities in the
areas affected by its operations so that these
communities receive fair treatment and where
possible benefit from the company’s activities.
Budget a percentage of profit to be used for
sustainable community development projects. The
projects are selected and prioritised in consultation
with communities and carried out in cooperation
with community members.
Aim to forge a pact with employees through having
respect for fundamental human rights, including
workplace rights, employee development and the
need for a healthy and safe workplace.
Strive for the highest quality of rehabilitation, waste
management and environmental protection in the
most cost effective manner.
Strive to optimise the consumption of energy, water
and other natural resources.
Through the introduction of new alternative
environmentally friendly products and processes,
as they become available, avoid, where possible,
the use or release of substances which, by
themselves or through their manufacturing process,
may damage the environment.
Practice responsible environmental stewardship
to meet the demands of local communities, host
country government requirements and international
standards and strive for continuous improvement of
environmental performance.
For details
of the implementation of the social
responsibility statement, refer to the Review of Operations
on page
18 and 22 and Human Resources report
Social responsibility statement
30 Annual
Report 2005 Randgold Resources
